Standards Governing the Establishment of Securities Investment Consulting Enterprises Article 19

A foreign securities broker or a foreign futures broker may, upon the head office's approval and issuance of a written statement declaring that it is permitted to operate discretionary investment business in the home country, apply for concurrent operation of a SICE that conducts discretionary investment business by a branch unit it establishes within the territory of the Republic of China.The provisions of Article 10, paragraph 6, Article 10-1, Article 14, paragraph 3, Article 15 up to the preceding Article, Article 40, as well as Chapter V, "Supplementary Provisions," shall apply mutatis mutandis with respect to a foreign securities broker or foreign futures broker applying for concurrent operation of a SICE that conducts discretionary investment business by a branch unit it establishes within the territory of the Republic of China.